Unfunded Mandates Accountability and Transparency Act of 2026

This bill would change the Unfunded Mandates Reform Act of 1995 so that federal agencies must prepare and publish regulatory impact analyses before issuing proposed or final major rules, generally those expected to affect the economy by $100 million or more a year. Each analysis would cover benefits and costs, alternatives, effects on state, local, and Tribal governments, and effects on jobs. Agencies would have to choose the alternative that maximizes net benefits unless the Office of Information and Regulatory Affairs approves an exception. The bill would also require earlier consultation with governments and private businesses, extend these rules to independent regulatory agencies (except for Federal Reserve monetary policy), and allow people harmed by a major rule to seek court review of whether the agency followed these requirements.

Full text and official record on Congress.gov

Sponsors

• Deb Fischer Republican sponsor
• 1 cosponsors